reshorted this garbage finally with thu premium stripped post earningz. heavy distribution on todayz pop
another half percent till gap gets filled but we reshorted into earningz here. this iz gettin idiotic.
Bearish Rising Wedge noted. The bottom trendline remains in tact so it is not valid. Both trendlines are sloping up and narrowing as the apex. The lines show that the highs and the lows are either rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators...
ULTA hit the top of it's long term channel and bounced off resistance. It also hit the highest fib extension which is the first I've stock I've seen in the last few years to do so. Lastly, it is in an uptrend since October, so expect ULTA to fall below support as early as next week. Short term price targets are 494 and 486. Not financial advice
I wouldn't short unless it broke back below trend resistance/500, for me it looks like we enter consolidation then leg up to 550-600 once that's finished. boost and follow for more, thanks
I bought puts on ULTA yesterday and I wish I would've waited until today. Oh well, they were well in the money, so I wasn't hurting too terribly today. Anyway, after the run up today, I looked at other alternatives for a stopping point. I don't ever use fib extension levels above 4.236 mostly because those targets are hardly ever hit, but after ULTA surpassed that...
do wutever u can 2 short this fukin scam. wedge will breakdown any day now. do thu Feb 17 515-520 PUTS ez double/triple. between me and my partner we're down around $100K on this short. i'll never recoup theeze lossez unfortunately. i got scammed good. my loss ur gain if u havent shorted yet
Another company I am short on. Not following the hype and do not agree. Many will disagree with me but lets see how this bubble bursts.
Here's a 2nd chart of ULTA with less clutter "Bought PUTS yesterdays on ULTA because I knew I'd miss todays morning move to hit the 1.618 fib extension. Today should be the highest point ULTA will hit for some time. Price target was 511 and some change for the smaller 1.618 extension which began on Jan 18 '23 as well as the larger 1.618 fib extension which began...
Bought PUTS yesterdays on ULTA because I knew I'd miss todays morning move to hit the 1.618 fib extension. Today should be the highest point ULTA will hit for some time. Price target was 511 and some change for the smaller 1.618 extension which began on Jan 18 '23 as well as the larger 1.618 fib extension which began on Dec. 8 '22 which were both hit this morning....
RSI overbought , on daily chart many divergence alerts
Minor rising wedge inside a major one.. see link.. Pullback To support here or 475 .. then let's see 8f the damn breaks
lol assholez got their 500 on 70K sharez, short at will......................
ULTA is sitting below a double top and looking at the Fib levels retraceing the uptrend finishing out December. The RSI shows relative weakness while the MACD shows the trend after a crossover of the lines at each of the two tops. I believe this stock is ready for a short position with a stop loss just above the double top. The first target would be the...
Horrible stock to trade ... defying all technicals here , but thats what you get in rising wedge patterns. I've seen this move happen with Google and Target from 2020-2022 ; that didn't end pretty and neither will this... All its going to take is a bad earnings and a few stock down grades. I wouldn't play any contracts shorter then August EXP
if u want u can uze this short az uh hedge against ur CALLZ in market or other shyt. Jan 20 490 PUTS down to $12 we did thu 500 PUTS with 500 CALL hedge